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TheRock3xR
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Mean Coin Age to forecast uptrends in Price BTC
Created 05.09.2021
In this chart we see how the Mean Coin Age gets down before the bull activity back in September 17- March 18. We can use this indicator to forecast price uptrend. See the lines in the chart, they start when the MCA tops and finish when the Bitcoin tops in price. This relation gives me many thoughts, the first one is when MCA decrease suddenly expect an uptrend price in BTC in the next months (not always, but many times as you can see in the chart). The second one is the purple line Mean Coin Age always growing in an uptrend. Any thoughts?
